ADLER Real Estate AG / Key word(s): Preliminary Results 10.03.2014 16:22 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- ADLER Real Estate AG with significant increase in results in 2013 - Consolidated earnings increased to EUR 46.9 million according to preliminary figures - Fair value and at equity measurement of the new investments - Equity increases to EUR 86.9 million Hamburg, 10 March 2014. ADLER Real Estate Aktiengesellschaft ("ADLER Real Estate", ISIN: DE0005008007 / WKN: 500800), Frankfurt/M., strongly improved its net assets and earnings position in business year 2013 in the course of the company's realignment and the connected investments in the development of a substantial residential real estate portfolio. Based on preliminary figures, consolidated earnings according to IFRS increased to EUR 46.9 million (previous year: EUR 0.5 million). Overall result improved to EUR 46.9 million (previous year: EUR 0.4 million). The significant rise in earnings mainly results from revaluations of the acquired shares in residential real estate portfolios according to IFRS standards such as from disposals of several properties and shareholdings. The fair value measurements of the new shareholdings alone add up to EUR 59.5 million. Total operating income including resale proceeds increased to EUR 78.2 million (previous year: EUR 5.8 million). Due to the substantial improvement in earnings, equity increased to EUR 86.9 million (end of 2012: EUR 26.4 million). Balance sheet total increased to EUR 460.9 million (end of 2012: EUR 43.8 million). Also consolidated revenues reflect the considerable growth in business operations. Altogether consolidated revenues increased to EUR 19.2 million (previous year: EUR 5.7 million). Additionally to proceeds from ongoing sales of properties this figure includes consolidated rental incomes from those residential real estate portfolios in which ADLER acquired shares in the course of 2013. Final figures will be published in April 2014 in the annual report. The Management Board For inquiries please contact: Press: german communications dbk ag Jörg Bretschneider Alsterufer 34, 20354 Hamburg, Germany Phone: +49-(0)40/46 88 33 0 Fax: +49-(0)40/47 81 80 presse@german-communications.com Investor Relations: Hillermann Consulting Christian Hillermann PoststraÃe 14, 20354 Hamburg, Germany Phone: +49-(0) 40/32 02 79 10 Fax: +49-(0)40/32 02 79 114 c.hillermann@hillermann-consulting.de 10.03.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: ADLER Real Estate AG Alstertor 17 20095 Hamburg Germany Phone: +49 (0)40 - 29 8130-0 Fax: +49 (0)40 - 29 8130-35 E-mail: info@adler-ag.com Internet: www.adler-ag.com ISIN: DE0005008007, DE000A1R1A42, WKN: 500800, A1R1A4 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: ADLER Real Estate AG: ADLER Real Estate AG with significant increase in results in 2013
| Source: EQS Group AG